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EGOC .0007 Energy 1 Announces Positive Thi

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Post# of 102873
Posted On: 12/05/2012 9:15:53 AM
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Posted By: ruliquid

EGOC .0007 Energy 1 Announces Positive Third Quarter Financial Results




BOCA RATON, Fla., Dec. 5, 2012 /PRNewswire/ -- Energy 1 Corporation ("E1") (OTC:EGOC) announces its financial performance for the third quarter of 2012.




Energy 1 is please to report operating income of $1,338,814 and EBITA of $346,868 for the nine months ending September 30, 2012. This is compared to operating income of $12,500 and EBITA of ($182,787) during the same period last year.




"The Company achieved many of the goals we set for 2012," said Raymond T. Brown, Chairman of E1. "Energy 1 now has a platform from which to grow, and the recent acquisition of Master Lease represents a major step in that direction."




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